data as of
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Price arb /

SPY

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$27
spread now+0.023%7d average+0.025%fees + slippage, in and out−$27spread needed0.271%
Long on BybitShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SPYUSDT770.590get 0.0000% / 8h40m 45s$6.2M$1.8M100x
ShortBitget SPYUSDT770.770.0241get 0.0241% / 8h40m 45s$11.0M$2.7M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.34
Funding while held
$7.23
Slippage, 4 orders
−$4.13
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$17.57
Spread needed to break even
0.271%
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0241%
Per $10,000 a day
+$7.23
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.06 bp6.4 bp −$69.4 bp −$9419.3 bp −$1,927doesn't fit
Sell Bitget live order book, 4 min ago0.32 bp7.1 bp −$79.6 bp −$9618.5 bp −$1,85431.6 bp −$15.8K

SPY price on every exchange

against the cheapest. Click to use as the short leg.
Phoenix769.75cheapestOndo Perps769.82+0.009%Vest769.99+0.031%KuCoin770.02+0.035%Nado770.04+0.038%Gate770.07+0.042%ApeX Omni770.07+0.042%Arcus770.13+0.049%Aevo770.16+0.054%Coinbase International770.20+0.058%edgeX770.47+0.093%Deribit770.49+0.096%Lighter770.50+0.097%BloFin770.51+0.099%
Bybit770.59+0.109%
OKX770.59+0.109%Orderly770.60+0.110%Aster770.63+0.114%MEXC770.64+0.116%HTX770.64+0.116%GMX770.64+0.116%Binance770.68+0.121%
Bitget770.77+0.133%
Lighter RH770.83+0.140%RISEx770.87+0.145%SunX771.82+0.269%

SPY on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix SPY−0.109%−0.0375%1h$157K$264K20xas long as short
Ondo Perps SPY-USD.P−0.100%+0.0050%1h$4.8M$412K20xas long as short
Vest SPY-USD-PERP−0.078%+0.0046%1h—$61K50xas long as short
KuCoin SPYUSDTM−0.074%+0.0100%8h$2.4M$1.2M20xas long as short
Nado SPY-PERP−0.071%+0.0004%1h$1.6M$368K20xas long as short
Gate SPY_USDT−0.067%0.0000%8h$814K$1.3M75xas long as short
ApeX Omni SPYUSDT−0.067%+0.0100%1h$154K$31K50xas long as short
Arcus SPY-USD−0.060%+0.0040%1h$1.0M$1.0M50xas long as short
Aevo SPY-PERP−0.056%+0.0104%1h$86K—10xas long as short
Coinbase International SPY-PERP-INTX−0.051%+0.0192%1h$957K$561K20xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX SPYUSDC−0.016%+0.0536%4h$642K$234K20xas long as short
Deribit SPY_USDC-PERPETUAL−0.013%+0.0114%1h$18K$57K20xas long as short
Lighter SPY−0.012%+0.0032%1h$9.6M$18.0M50xas long as short
BloFin SPY-USDT−0.010%+0.0026%8h$439K$665K50xas long as short
Bybit SPYUSDTlong0.000%0.0000%8h$6.2M$1.8M100x
OKX SPY-USDT-SWAP0.000%+0.0097%8h$8.2M$2.7M50xas long as short
Orderly PERP_SPY_USDC_mythos+0.001%+0.0100%8h$1K—20xas long as short
Aster SPYUSDT+0.005%+0.0173%8h$864K$162K20xas long as short
MEXC SPY_USDT+0.006%+0.0146%8h$23.4M$10.5M100xas long as short
HTX SPY-USDT+0.006%0.0000%8h$307K$23K50xas long as short
GMX SPY/USD [ETH-USDC]+0.007%L +0.0428% / S −0.3519%1h$20K—53xas long as short
Binance SPYUSDT+0.012%+0.0146%8h$33.1M$60.6M50xas long as short
Bitget SPYUSDTshort+0.023%+0.0241%8h$11.0M$2.7M50x
Lighter RH SPY+0.031%+0.0040%1h$57.9M$115.4M50xas long as short
RISEx SPY/USDC+0.036%+0.0258%1h$7.0M$5.6M25xas long as short
SunX SPY-USDT+0.160%0.0000%8h$2K$1.4M10xas long as short